Providing Financial Solutions to Support Growth
Dynamic Industries specializes in large-scale fabrication projects, mostly supporting the machine industry.
“They don’t make the end product, but they make the machines that make the machines,” said Dave Stitsinger, Dynamic Industries' LCNB banker. “You’ve seen a semi-truck on the highway loaded down with a single piece of equipment hundreds of feet long — that’s the kind of thing they make.”
These pieces of equipment are so heavy that they require special treatment of the ground on which they will be installed.
Since its founding in 1985, Dynamic Industries has experienced significant growth, attracting clients from around the world with its specialized capabilities. The COVID-19 pandemic further consolidated the large-scale fabrication industry, impacting the company's operations.
The company came to LCNB in 2019. Despite its technical ability, back-office functions were largely conducted manually, on paper. A new CFO, Bob Andary, joined Dynamic Industries in 2021. With a well-rounded background in manufacturing, finance, and digital consulting, Bob set out to bring digital transformation to the company.
“When you’re a medium-sized company with no board, you can go by your gut feel for a while,” Bob said. “But as you scale and grow, you need more systems in place. Without them, it can be hard to weather the economy, no matter which direction it goes.”
“Thanks to Bob’s efforts, we have much better visibility into new business, materials, payroll, and so on,” Dave said. “The information we need to get Dynamic Industries what they need is now at our fingertips. Without that, we wouldn’t have been able to get them the funding they needed to keep growing.”
The community bank culture has made all the difference, Bob said.
“The availability of senior leadership is important,” he said. “And from our banker to the tellers, service has been top-notch.”
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